Warehouse
New
For Sale
$1,849,000
1814 E County Rd 120, Midland, TX 79706
COMMERCIAL - Midland, TX
Property Size12,000 SF
Lot Size3.00 Acres
Price / SF$154.08
Days on Market5
Property Features for 1814 E County Rd 120
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
39-T2S
Standard status
Active
Size
12,000 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
Subdivision: 39-T2S, Acres: 3.00, NE/4, Sec 13, BLK 39-T2S
Tax Annual Amount
13134
Legal Description
Subdivision: 39-T2S, Acres: 3.00, NE/4, Sec 13, BLK 39-T2S
Building Details
Year built
2019
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Yvonne Rosas · License #0716775
(432) 202-0069
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 11:06PM
MLS# 50097067
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Warehouse property built in 2019, offering a 12,000-square-foot commercial/industrial facility on a 3-acre site. The property is presented as a flexible option for a range of operational uses, including business headquarters, operations, service facilities, or distribution.
Located at 1814 E County Rd 120 in Midland, Texas (79706), the property is positioned for business accessibility and visibility in the Midland Energy Corridor area.
For owners considering an operating headquarters or service and distribution footprint, the combination of site area and warehouse scale supports day-to-day logistics and expansion needs. Investors may also evaluate the asset as a warehousing-focused commercial/industrial opportunity.
Located at 1814 E County Rd 120 in Midland, Texas (79706), the property is positioned for business accessibility and visibility in the Midland Energy Corridor area.
For owners considering an operating headquarters or service and distribution footprint, the combination of site area and warehouse scale supports day-to-day logistics and expansion needs. Investors may also evaluate the asset as a warehousing-focused commercial/industrial opportunity.
Key Highlights
- 3‑acre commercial/industrial site
- 12,000‑square‑foot warehouse facility
- Built in 2019
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.7k | $13.56 |
| − Vacancy | −$8.9k | −$0.75 |
| EGI | $153.8k | $12.81 |
| − OpEx | −$23.1k | −$1.92 |
| NOI | $130.7k | $10.89 |
12,000 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.87M
$1.63M – $2.18M
NOI $130,705 @ 7.0% cap · market cap 7.07%
Second Best
Industrial
$1.54M
$1.35M – $1.79M
NOI $107,639 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,144 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
Market
Properties on Market for Warehouses in Midland
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property built in 2019, offering a 12,000-square-foot industrial facility on a 3-acre site.
Where is this warehouse located?
The property is located at 1814 E County Rd 120 Midland, TX.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: 3‑acre commercial/industrial site; 12,000‑square‑foot warehouse facility; Built in 2019
